Ansal Buildwell's Q1 results show strong growth, but rising interest cost raises concerns.

This could have a negative impact on the company's financials in the long term.
Ansal Buildwell, a microcap real estate company, has recently announced its financial results for the quarter ending June 2024. The company has shown a very positive performance with a score of 25, a significant improvement from the previous quarter's score of 6.

The net sales for the quarter were at Rs 19.24 crore, which is a growth of 113.7% compared to the average net sales of the previous four quarters. This indicates a strong sales trend in the near term. Similarly, the profit before tax (PBT) for the quarter was at Rs 6.48 crore, a growth of 107.7% compared to the average PBT of the previous four quarters. The profit after tax (PAT) for the quarter was at Rs 7.78 crore, a growth of 115.7% compared to the average PAT of the previous four quarters. These numbers show a very positive trend in the near term for Ansal Buildwell.

However, the company's interest cost for the half-yearly period has increased by 29.05%, which could have a negative impact on its financials in the long term. This rise in interest cost signifies increased borrowings by the company.

MarketsMOJO has given a 'Hold' call for Ansal Buildwell's stock, indicating a neutral stance on the company's performance. With its strong financial results for the quarter ending June 2024, Ansal Buildwell is poised for growth in the near term.